Credit Union Industry News & Updates

The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.

WHAT’S GOING ON AT CREDIT UNIONS?

Request for Information Regarding Enhancing and Streamlining Data Collection From Credit Unions

AGENCY: National Credit Union Administration. ACTION: Notice; request for information. SUMMARY: The National Credit Union Administration (NCUA) is issuing this request for information (RFI) on opportunities to enhance and streamline NCUA's data collections....

Bank Conversions and Mergers, Subpart C-Merger of Insured Credit Unions Into Banks

( printed page 21391) AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA Board (Board) is proposing to amend its regulations governing the merger of insured credit unions into banks. The Board proposes to eliminate certain prescriptive procedural,...

Sharing is Daring – NACUSO

By Nate AndersonPresident & CEOrekindle The Control Conundrum My local community hosts a Tuesday night “running group.” They run together, then go out for drinks and food afterward. Every week they do this.  I’ve known about this group for over a year and have yet to...

Credit Unions Build Personal Lending Relationships

Business lending is one of the fastest areas of growth for credit unions, but veterans of the sector say that the key to success is focusing on the broad needs of members, not just building a bigger loan portfolio. Much of the growth in business lending has occurred...

Trump Administration Signals Opposition to CFPB in PHH Suit

The CFPB is likely to be on its own when it attempts to defend its current structure before a federal appeals court this Spring, according to recent developments in a lawsuit filed against the agency. The U.S. Court of Appeals for the District of Columbia has granted...

Smart Card Alliance Changes Name, Expands Security View

Princeton Junction, N.J.-based Smart Card Alliance announced it is changing to the Secure Technology Alliance and expanding its charter to include a broader range of security and privacy-enhancing technologies. “The Alliance’s focus has always been on...

People With Money Problems Less Likely to Reach Out for Help

When people are experiencing financial problems, they are less likely to reach out to financial professionals, according to a new survey by the National Foundation for Credit Counseling. Conducted by the Riverside, Calif.-based organization, the survey of 849 people...

Millennials: Financial Thinking

How do credit unions engage with millennials as potential members? That is the $64,000 question. As we know, our membership is the generation that precedes the millennials (age range 18 to 30), which has a different outlook. From the traditionalists born between 1900...